DOI: 10.1177/23294906241234330 ISSN: 2329-4906
Changes in Risk Reporting by Japanese and U.S. Corporations, 2010-2019
Shinobu Suzuki- Economics, Econometrics and Finance (miscellaneous)
- Arts and Humanities (miscellaneous)
- Business, Management and Accounting (miscellaneous)
- Business and International Management
This study undertakes a cross-cultural examination of corporate risk reporting to test for convergence and divergence perspectives on risk communication. It asks whether the frequencies of risk topics communicated by globalizing organizations from different national cultures become isomorphic or remain culturally distinct. It analyzed longitudinal data on risk factors reported by Japanese and U.S. corporations in their annual reports. It focused on the effects of time and national culture on the frequencies of risk topics. The results provided evidence to support the convergence perspective for the risk topics and the divergence perspective for one of the topics, respectively.